North Korean Hackers Transfer Stolen Ether to Tornado Cash, WazirX Crypto Exchange Faces Significant Losses

• The North Korean entity responsible for the hack on India's WazirX crypto exchange moved over $11 million in stolen ether (ETH) to Tornado Cash.
• The aim was to mask the transaction trail and clean the online trail.
• The breach in July resulted in the loss of over $100 million in SHIB and $52 million in ETH.
• WazirX has filed for a restructuring process to manage the fallout.
• The hacker's main address holds over $107 million worth of various tokens.
• Previous transfers of stolen funds from the hack have also been reported.

Summary :
The North Korean group responsible for hacking India's WazirX crypto exchange has transferred over $11 million in stolen ether (ETH) to Tornado Cash in an attempt to hide the transaction. This comes after the breach in July, which resulted in the loss of over $100 million in SHIB and $52 million in ETH, among other assets. These losses represent a significant portion of WazirX's reserves, and the exchange is currently undergoing restructuring to manage the fallout. The hacker's main address still holds over $107 million worth of various tokens, with the majority being in ether.

Sources :

- Coindesk